The question is are the Pistons and PoAH on their way up as an investment, at least in a market like Detroit. HWI to join forces with Imerys SAs High Temperature Solutions business, creating a global refractories provider with Acquisition expands McGraw Hills position as a leading provider of trusted medical learning resources to students and LOS ANGELES, CA (November 30, 2022) Deluxe, the global provider of cloud-based localization and distribution solutio Investment in Hong Kong-based undergarment and swimwear company led by Platinums Singapore investment teamLOS ANGELES Acquisition will expand Solenis product offering and strengthen its ability to supply cost-effective, sustainable sol HWI to join forces with Imerys SAs High Temperature Solut Acquisition expands McGraw Hills position as a leading pr LOS ANGELES, CA (November 30, 2022) Deluxe, the global p Investment in Hong Kong-based undergarment and swimwear comp Acquisition will expand Solenis product offering and stre Copyright 2022, Platinum Equity Advisors, LLC. 0.5 bb, "Until and unless you discover that money is the root of all good, you ask for your own destruction. You may unsubscribe at any time. We specialize in complex carve-outs, public-to-private transactions and acquisitions from private sellers. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); The Platinum Equity portfolio consists of an industry-diverse, multi-billion-dollar group of approximately 40 operational complex businesses. Fund V closed with $10B in capital commitments. Although we have diversity in our end-markets, it is exciting to note the similarities in our company cultures. 2K followers 500+ connections. And yes I know that only one of the players is still on their original team, but it would've been a different field and the Pistons could very well have been a viable team to acquire some of the free agents that were out there last year. You may unsubscribe any time. AUM probably $5-7B range, possibly higher. You can have a great strategy, but if you dont have the people to execute, you have nothing. About SolenisSolenis is a leading global producer of specialty chemicals focused on delivering sustainable solutions for water-intensive industries, including the pulp, packaging paper and board, tissue and towel, oil and gas, petroleum refining, chemical processing, mining, biorefining, power, municipal and pool and spa markets. By clicking Submit you agree to receive news, updates and information from us subject to our Privacy Notice. So maybe you can get some season tickets on top of your bonus Haha. Be open to almost all situations, but be stubborn on your values and principles. Elemental Holding SA, a global urban mining and recycling company that originated in Poland and now has headquarters in Luxemburg, says it has completed a $290 million equity private placement from a group of international financial institutions led by the International Finance Corp. (IFC), the European Bank for Reconstruction and Development (EBRD) and the Polish Development Fund S.A. (PFR). Platinum Equity specializes in mergers, acquisitions and operations . 2 Platinum Equity reviews. LOS ANGELES November 9, 2021 Platinum Equity announced today it has completed the acquisition of Solenis, a leading global producer of specialty chemicals used in water-intensive industries. In that capacity, he is responsible for managing a broad range of strategic divestiture opportunities throughout Platinum Equitys portfolio. Financial terms were not disclosed. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Copyright 2022, Platinum Equity Advisors, LLC. We are operators. Platinum Equity Closes $2.75 Billion Private Equity Fund. document.getElementById( "ak_js_2" ).setAttribute( "value", ( new Date() ).getTime() ); Sign up to receive news, updates and information. Tom Gores founded Platinum Equity in 1995 to acquire and create value in a diverse range of businesses. The firm is currently investing fromPlatinum Equity Capital Partners V, a $10 billion global buyout fund, andPlatinum Equity Small Cap Fund, a $1.5 billion buyout fund focused on investment opportunities in the lower middle market. Full Bio Jacob Kotzubei Partner in terms of reputation, they are known to be hardasses, low-ballers and to a certain extent, slimeballs. With a team comprised of outstanding people, you can meet almost any challenge. Given that if Platinum Equity investors are financing a portion of this, they will seek a 3-7 year exit, I'm not sure how great it is as a PE investment, although Gores might see a great ROI over a longer horizon. I look forward to joining the Solenis leadership team and working with John and his team to strengthen our businesses together., With the closing of this Solenis acquisition and simultaneous merger of these two industry-leading companies, Solenis will now have the ability to reach a new, diversified market of customers and expand its portfolio by incorporating Siguras complementary resources, production capabilities, and water care solutions into its business, said Todd Golditch, Managing Director at Platinum Equity. About Platinum EquityFounded in 1995 by Tom Gores, Platinum Equity is a global investment firm with more than $25 billion of assets under management and a portfolio of approximately 40 operating companies that serve customers around the world. Mr. Chacartegui also previously worked as a Vice President at Providence Equity Partners and M&A analyst at Morgan Stanley. The Platinum Equity portfolio consists of an industry-diverse, multi-billion-dollar group of approximately 50 operational complex businesses. The firm is currently investing from Platinum Equity Capital Partners V, a $10 billion global buyout fund, and Platinum Equity Small Cap Fund, a $1.5 billion buyout fund focused on investment opportunities in the lower middle market. Heather Bell. The Raptors are not. In 2017, Platinum Equity completed the acquisition of the Staples business in Australia and New Zealand from Staples Inc., relaunching it as Winc (Work Incorporated). Over the past 27 years Platinum Equity has completed more than 350 acquisitions. Ryan Pennetti is a Vice President at Platinum Equity based in Beverly Hills, California. Also, ask why the guy's wife decided to bang the better brother? Platinum Equity: Portfolio Companies at Work Platinum Equity portfolio companies employ approximately 200,000 people around the world in a broad range of industries. Bi vit Glenn Youngkin Responds Accordingly to Woke Critics After NoVA Failing Public Schools 'Equity' Scheme Expose xut hin u tin vo ngy Restored Republic. I can't say more without outing myself, there are heads of BB investment banks that will refuse to work with Gores. I think Gores is so interested in the Pistons because he is a native of metro Detroit and attended Michigan State for his undergrad. 1K followers 500+ connections. Aliquam beatae dolor quo ullam ullam molestiae illo. You may unsubscribe any time. providing further insight into the former president's tax situation. For the LPs, they would have to realize on the investment, so maybe eventually Tom Gores would buy out Platinum's share in 3-7 yrs? The firm is headquartered in Beverly Hills, California with regional offices in Boston, Greenwich, Connecticut, New York City, London, and Singapore. Never knew that, but that is what I call a fucking story. Williams Communications first billion-dollar portfolio company. We have the team, the experience and the capital resources to pursue complex transactions of nearly any size anywhere in the world. Daniel Barnhill is a member of the Investor Relations team and is responsible for global functions connected to capital raising, fund administration and investor relations. Make no assumptions. Sorry, you need to login or sign up in order to vote. We are builders. "Staples Australia and New Zealand rebrands as Winc after Platinum Equity buyout", "Newell Brands Announces Agreements to Sell Pure Fishing to Sycamore Partners and Jostens to Platinum Equity", "Platinum Equity Completes $1.3B Purchase of Jostens | Los Angeles Business Journal". Louis Samson leads Platinum Equitys New York/Greenwich and London-based investment teams, manages the operations of the New York, Greenwich and London offices, and is a member of the Investment Committee. Ryerson becomes Platinums first billion-dollar acquisition. Michigan State University. Founded in 1995, Platinum Equity is a global investment firm with approximately $36 billion of assets under management, teams and investors around the world, and a diverse, global portfolio of operating companies in a wide range of industries. Great buy. r***@platinumequity.com. Senior Vice President. Stephanie Barter oversees Platinum Equitys in-house M&A Operations group, a team comprising functional experts across a wide range of operational disciplines that conducts due diligence on prospective acquisitions. By clicking Submit you agree to receive communications from us. Analyze the situation, make your decision, and don't hedge against failurebe committed for success. On Nov. 10, 2022Less than 24 hours before Elias was named Metro Atlanta's Youth of the Year17-year-old Jaynee Chavez, a junior at Towers High School in Decatur . Thanks in advance. Once both acquisitions have been completed, HWI and HTS will combine into a global business with increased reach and scale. Tom Gores founded Platinum Equity Holdings with $200K in seed capital. First fund sale: ACR Logistics sold to Kuehne+Nagel International. We are strongly committed to protecting your privacy. Glassdoor provides our best prediction for total pay in today's job market, along with other types of pay like cash bonuses, stock bonuses, profit sharing, sales commissions, and tips. We are change agents. Platinum Equity acquired NDC, healthcare supply chain company, from Court Square Capital Partners. First public-to-private acquisition: Tanning Technology Corporation. Quo eligendi debitis est nihil distinctio. There are no limits to success as long as you do not set boundaries for yourself, or let others set them for you. M&A&O is a proprietary approach that helps us create value at every stage of aninvestment, from beginning to end. The company was founded in 1995 by its current CEO, Tom Gores, a California billionaire who has a net worth estimated at $3.3 billion and. But I was under the impression that Raptors aren't too shabby in terms of filling seats for games (obviously no where near Leafs level) - the games are typically fairly filled, and similarly companies do have tickets to their games too. Work Biography for Richard Dinh, Platinum Equity. The firm's first acquisition was LSI, a company that generated computer graphics to re-create accidents for courtroom testimony. Bryan Kelln is a Partner, President of Portfolio Operations and member of Platinum Equity's Investment Committee. Overworked & underpaid. The Platinum Equity portfolio consists of an industry-diverse, multi-billion-dollar group of approximately 40 operational complex businesses. Team success isn't as correlated with profitability as you'd think. Platinum Equity, LLC is an American private equity firm founded in 1995 by Tom Gores. Platinum Equity specializes in mergers, acquisitions and operations a trademarked strategy it calls M&A&O acquiring and operating companies in a broad range of business markets, including manufacturing, distribution, transportation and logistics, equipment rental, metals services, media and entertainment, technology, telecommunications and other industries. Our current portfolio of ~50 companies operates in a diverse range of industries, generates $89+ billion of aggregate revenue and employs ~200,000 people across the globe. Led by an experienced and stable senior leadership group, Platinum's people bring M&A&O to life across the full cycle of every investment. Platinum Equity, LLC is a private equity investment firm founded by Tom Gores in 1995. Bryan Kelln is a Partner, President of Portfolio Operations and member of Platinum Equity's Investment Committee. This number represents the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users. Headquartered in Wilmington, Delaware, the company has 47 manufacturing facilities strategically located around the globe and employs a team of over 6,000 professionals in 120 countries across five continents. Kirkland & Ellis is providing legal counsel to Platinum Equity on the acquisition of HWI. . After purchasing it for $200,000, Platinum Equity focused on servicing existing customers and returning the company to profitability. Craig Ashmore is responsible for senior level business development activities focused on identifying new acquisition opportunities. Platinum Equity Salaries How much do Platinum Equity employees make? Tempore veniam quis dolorum. You can have a great mission statement, but if you dont have the people who care about it, its not true.. Signing up for our Newsletter is subject to our Privacy Notice. Stephanie Barter oversees Platinum Equitys in-house M&A Operations group, a team comprising functional experts across a wide range of operational disciplines that conducts due diligence on prospective acquisitions. document.getElementById( "ak_js_2" ).setAttribute( "value", ( new Date() ).getTime() ); Sign up to receive deal announcements. Pistons hit a rut because Detroit/Michigan was/is falling apart. View Nick Schubert's email address (n*****@platin***.com) and phone number. Agreed - I like the purchase too. Once a company completes its transition, Platinum Equity's dedicated sell-side team works with the operating council to find the right monetization opportunities. As a result, the merger also widens the global footprint of Solenis, which will now span 120 countries, 47 manufacturing facilities, and more than 6,000 employees. The day the team stops coming forward with issues is the day you stop being a leader. She is currently responsible for overall accounting, tax, and financial reporting as well as managing strategic planning projects for Platinum Equity. You may unsubscribe any time. How much do Platinum Equity employees make? Copyright 2022, Platinum Equity Advisors, LLC. and still decreasing? or Want to Sign up with your social account? WSO Free Modeling Series - Now Open Through, +Bonus: Get 27 financial modeling templates in swipe file. Senior Vice President at Platinum Equity Los Angeles, California, United States. A free inside look at company reviews and salaries posted anonymously by employees. Portfolio Operations executes the plan created during diligence. An operating council, made up of Platinum Equity and portfolio company leadership, monitors the company. You may unsubscribe at any time. If you think about the difference with OTPP's investment however it's how viable basketball is as an investment outside of super-major markets like NY/LA/Miami MLSE paid off big because the Leafs are the most profitable team in the NHL. the firm initially sought a $1.5 billion leveraged buyout fund and nearly doubled it by raising $2.75 billion. They are very similar to Sun Capital, very big into distressed assets. LOS ANGELES, Dec. 14, 2022 /PRNewswire/ -- Platinum Equity announced today the signing of a definitive merger agreement to acquire HarbisonWalker International (HWI), a supplier of refractory products and services in North America. The firm specializes in private equity buyouts and has over 27 years of transacting across geographies, industries and transaction types. The Behrman team's expertise and resources have been invaluable as Pelican has pursued our strategy to be the global leading protection solutions company. pls and thank you. Yes, He and his brother started the Gores Group. You may unsubscribe any time. Website: www.platinumequity.com Headquarters: Beverly Hills, CA Size: 10000+ Employees Founded: 1995 Type: Company - Private Industry: Investment & Asset Management Revenue: $10+ billion (USD) Competitors: KKR, MacAndrews & Forbes, Global Infrastructure Management Create Comparison Platinum Equity thinks the companies it owns are just precious. Email. Quia et eius error qui eveniet velit quam animi. The firm focuses on leveraged buyout investments of established companies in the U.S., Europe and Asia. Explore The Full Platinum Equity Portfolio. He is responsible for all aspects of business strategy and operations at Platinum Equity's portfolio companies, and is involved in evaluating buy and sell-side opportunities across the firm. [9][10], In 2009, during the financial crisis, Platinum Equity acquired 14 companies in the first 11 months of 2009, eight of them full buyouts.[9]. On this Wikipedia the language links are at the top of the page across from the article title. Team crumbles just like the city. The new formula 2 features: 50% more protein-fighting enzymes to break down protein-rich foods. I'd imagine that having them on your resume would only be a good thing, especially in LA. Mr. Kelln is a seasoned executive with a strong track record of conceiving and executing successful strategic and operational transformation programs across a broad range of different industries. The M&A&O team develops a value creation plan while a dedicated capital markets team works in tandem to build the optimal capital structure. John Diggins brings a comprehensive background in financial growth management and mergers & acquisitions activity to the company, in addition to broad operating experience. Mr. Barnhill joined Platinum Equity in 2012. Mr. Kelln also served as President and CEO of RockShox, Inc.; as Senior Vice President at General Cable Corporation; and as a Partner in the Supply Chain Management Practice of Mercer Management Consulting. Platinum Equity | 37,158 followers on LinkedIn. Based on the knowledge acquired during diligence, the M&A Operations team also works hand-in-hand with Platinum Equitys Portfolio Operations group to develop detailed post-acquisition transition, integration and long-term business plans tailored to the needs of the acquired business. The MSRP is USD $5.44 for an 11-count bag; $19.94 for a 52-count tub. I'm glad people here actually know something about the firm. All Rights Reserved. OUR YOUTH ARE PERISHING. Together, they had $1.3 billion in revenue, making SourceOne dominant in the very fragmented $11.5 billion marketplace in which it competed. When typing in this field, a list of search results will appear and be automatically updated as you type. --Platinum Equity announced today it has entered into a definitive agreement to acquire Club Car from Ingersoll Rand in a transaction valued at approximately $1.7 billion. Platinum Equity specializes in mergers, acquisitions and operations - a trademarked strategy it calls M&A&O - acquiring and operating companies in a broad range of business markets . 27 years Platinum Equity Closes $ 2.75 billion private Equity fund brother started the Gores group native. Similarities in our end-markets, it is exciting to note the similarities in our end-markets, it is exciting note! Protein-Fighting enzymes to break down protein-rich foods on this Wikipedia the language links are at the top of page. Good thing, especially in LA buyout fund and nearly doubled it raising... Team comprised of outstanding people, you need to login or sign up in order to.! 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